Announcements Gate.io to Delist Socean Staked Sol (SCNSOL)

Gate.io to Delist Socean Staked Sol (SCNSOL)

2024-07-22 02:58:47 UTC 16602 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
[Gate.io](https://www.gate.io "Gate.io") has conducted a thorough reevaluation of the Socean Staked Sol (SCNSOL) project and concluded that it no longer meets our platform's trading criteria. As a result, Gate.io will delist Socean Staked Sol (SCNSOL) from the trading market, including spot trading, quant grid trading, and liquidity mining, but will continue to provide withdrawal services for 1 month.

**Details:**
1) [Gate.io](https://www.gate.io "Gate.io") has suspended the deposit service for Socean Staked Sol (SCNSOL).
2) Gate.io will suspend the trading service for Socean Staked Sol (SCNSOL), including SCNSOL_USDT and SCNSOL_ETH spot trading, quant grid trading, and liquidity mining, starting from July 29, 2024, 03:00 A.M. UTC.
3) Users with ongoing quant grid trading of Socean Staked Sol (SCNSOL) should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before July 29, 2024, 03:00 A.M. UTC.
4) Users who have provided liquidity for Socean Staked Sol (SCNSOL) in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before July 29, 2024, 03:00 A.M. UTC.
5) Users unwilling to participate in the buyback after the delisting are advised to withdraw your Socean Staked Sol (SCNSOL) holdings as soon as possible to avoid potential losses.
6) Users who still hold Socean Staked Sol (SCNSOL) on [Gate.io](https://www.gate.io "Gate.io") after August 11, 2024 can apply for a buyback by filling out a form. Gate.io will buy back Socean Staked Sol (SCNSOL) at a price of 35.292 USDT, with a maximum compensation limit of 100 USDT per user.

To apply for the compensation, users must fill out the provided form between August 11, 2024, 16:00 UTC and August 18, 2024, 16:00 UTC.
Form Link: https://www.gate.io/questionnaire/4798

Withdraw Socean Staked Sol (SCNSOL): https://www.gate.io/myaccount/withdraw/SCNSOL

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Gate.io Team
July 22nd, 2024

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